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Hong Kong's securities regulator has fined Morgan Stanley, Merrill Lynch, UBS and Standard Chartered for lack of fact checking and due diligence in preparing stock offerings for now-liquidated China Forestry and still-suspended Tianhe Chemicals.
HSBC and Standard Chartered could benefit from China liberalizing foreigners' access to its banks.
The weaker pound is likely to benefit some U.K. companies.
Coming off the heels of a disastrous earnings call, the London bank announced on Tuesday a campaign to reduce exposure to some of its diciest markets.
The two banks are squeezed between two kinds of uncertainty.
Not many, according to filings from Tweedy Browne and Kahn Brothers.